Business
Majestic Announces Change in Financial Year-End
VANCOUVER, BC / ACCESSWIRE / November 14, 2019 / Majestic Gold Corp. (TSXV:MJS) ("Majestic" ...
About this update from Majestic Gold Corp.
[{"type":"text","content":"Majestic Announces Change in Financial Year-EndVANCOUVER, BC / ACCESSWIRE / November 14, 2019 / Majestic Gold Corp. (TSXV:MJS) (\"Majestic\" or the \"Company\") announces that its board of directors has resolved to change the Company's fiscal year-end to December 31 from its current fiscal year-end of September 30. As a result, Majestic will file an additional interim report as at September 30, 2019 and will report audited financial results for a 15-month transition year from October 1, 2018 to December 31, 2019 (with a comparative of the 12 months ended September 30, 2018). Afterwards, Majestic will revert to a customary reporting calendar based on a December 31 year-end, with fiscal quarters ending on the last day of March, June, September and December each year.Majestic has made this change as it believes it will facilitate greater efficiencies in the administration, accounting and compilation of its annual audited consolidated financial statements.The Notice of Change of Fiscal Year End required under National Instrument 51-102 has been filed under the Company's profile at www.sedar.com.About Majestic GoldCurrently focused solely in China, Majestic Gold Corp. is a British Columbia based company engaged in commercial gold production at the Songjiagou Gold Mine in eastern Shandong Province, China. Additional information on the Company and its projects is available at www.sedar.com and on the Company's website at www.majesticgold.com.For further information, please contact:Stephen Kenwood, P.Geo., President and CEOTelephone: (604) 560-9060Email: [email protected]: www.majesticgold.comCautionary NotesCertain statements contained herein may constitute forward‐looking statements and are made pursuant to the \"safe harbor\" provisions of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. Forward‐looking statements are statements which relate to future events. Such statements include estimates, forecasts and statements as to management's expectations with respect to, among other things, business and financial prospects, financial multiples and accretion estimates, future trends, plans, strategies, objectives and expectations, including with respect to production, exploration drilling, reserves and resources, exploitation activities and events or future operations...